4COIN trade ideas
COIN Head & Shoulders & FakeoutCOIN looked like it was going to break above this bull flag and I thought BTC may run up to a new ATH while it was happening, but they both stalled. COIN ended up with a big fakeout above the bull flag and formed a head and shoulders. Now it's all the way back near the bottom of the flag, barely hanging on to support.
This chart went from bullish to bearish real fast, we'll see if it can recover and hold the bottom end of the flag or not.
COIN Bull FlagI was curious about how BTC would react if semiconductors and NQ dumped. So far, it seems like it may actually be decoupling from NQ. I wasn't sure if this would happen or not, but I am remaining bullish on crypto for now. I have no other longs in the market.
BTC held the $66k area, but hasn't bounced much yet. COIN is red, but holding up fine. Currently has a bull flag on the 15m that may lead to a breakout if BTC can sustain itself despite NQ weakness.
COIN: Support and resistanceMay be we all should get ready for the next bull run in 2024 and 2025.
When BTC goes above 40k, the stocks related to crypto will just go crazy.
This chart is just a representation on where to take profit and where to buy.
I guess COIN might hit the ATH by mid of 2025.
First crypto second capitulation then create a base and then halving and then enters bull run.
Hope COIN will not get into controversy or bankruptcy and make future millionaires.
See you in 2024 and 2025.
Cheers
$COIN long opportunity Long opportunity presenting itself on NASDAQ:COIN
Technical reasons:
- Bullish Change of Character (4HR)
- Algorithmic buy signal (2 star rating)
- Price respected Order Block (4HR)
Other reasons:
- Crypto is having a huge bull run right now
Trade idea?:
Long now with a tight stop loss placed below the most recent order block formed.
Run it backWe're near a Bitcoin 60 day cycle low, ETH ETF sentiment has not been priced in.
I rather bet we hold bitcoin's consolidation range than break down from here.
Jul 19 215C
COIN - breaking out of symmetrical triangle patternOn a daily time frame as well as on the weekly time frame, COIN is breaking out of the symmetrical triangle pattern.
Earlier, COIN tried to break the upper trend line multiple times but couldn't close above the trendline on a daily closing basis.
On last Friday (07/19/2024), COIN closed above the trendline confirming the break out.
Plan for me:
I would be interested to go long in case we get a pull back to 255/250 area and COIN holding that levels.
Possible targets for me
Target 1 - 265
Target 2 - 275 and
ATH level test
Stop loss would be loss of 247 on a daily closing basis.
Something to keep a note of, COIN has ER on 02Aug2024.
PS: Point of entry for me depends on where we open on Monday in case we gap up
COIN Bull Flag BreakoutCOIN doesn't appear to be slowing down after its recent run up with BTC. This is a longer term bull flag that should lead to an extended move up if it can hold. It closed above it today and I don't see any signs of weakness on BTC either so I'd expect it to keep going from here.
COIN (Long) - Rearing its bullish head Mentioned several times across my charts, but still important to mention, I am a strong proponent of simple charts , preferring to rather watch price action for days on end - the robust reversal in crypto and this NASDAQ:COIN 's nearly perfect base are hard to miss
Fundamentals
For those who don't know, in the last few weeks, crypto has exhibited some of the lowest correlation with broader stock market ever, consolidating when market was rallying, and recently, surging higher while market was falling.
Although we cannot completely discount stock movement (Coinbase is after all a stock), the directionality of the crypto markets seems to have the upper hand with stocks like NASDAQ:COIN and NASDAQ:MSTR
In more granular terms, the firm has been performing strongly , with a swarm of institutional clients (selecting Coinbase as the most trustworthy custodian), robust revenue growth (50% in the last 12 months) and impressive profitability (net profit margins above 25%)
The valuation is not cheapest, but we know better than to be scared off by P/E between 40-50 (read William O'Neill for more info on this)... but this is not what attracted me to Coinbase this time - that will be the chart
Technicals
Firstly, crypto charts, mainly Bitcoin CME:BTC1! , look strong - orderly accumulation with potental for new highs going into the election (seasonally strong period)
Strong, round accumulation base , although I would have liked one more leg down to the base before the breakout, but asking for perfection is not how markets work
RSI is positive and rising (though a little choppy) while the distance from moving averages gives you good risk/reward and historically marks breakouts (doesn't mean that will repeat!)
Strong base, robust momentum, good group performance (crypto) and incoming catalyst (earnings)
I have entered the trade today, exactly on the breakout. Personally, I will use the entry (purple line) as a stoploss, potentially re-enter if the pattern allows it. Timeframe is 3-4 months. Alternatives include (i) waiting for a break on earnings (ride the momentum, more certainty, but less potential for appreciation), (ii) waiting for the break of the higher high (better confirmation of the breakout or (iii) use the bottom of the base for stoploss (higher risk preferences). Fake breakouts and slumps on earnings should be used to exit.
Hope this gives a good overview. I believe the seasonality (high spending around elections = political window-dressing) favours both crypto and stocks for medium-term outlook (and I understand how frustrated everyone is that we haven't had a crash - don't forget, pessimism will lose you money 90% of the time.
If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
Coinbase UpdateThere are multiple different counts/pathways that price could take from our current position. Crypto has continued to rise over the weekend so I find it highly probable that Coinbase will open higher and very possibly have another big day tomorrow. The question is, will that last?
Now for the possible pathways that price can move from here. As you can see there a couple turquoise labels on the chart. These are my ALT counts as of now. What they are suggesting is that wave (B) wasn't quite done yet and we're now in minor wave C of (B). If price breaches our last high of $263.77 this will become my primary. Until price can breach the primary wave ((3)) high of $287.46, this is still a valid count and will remain my primary until/unless price can breach that high. I have redrawn the retracement fibs on the chart and the 0.786 @ $267.12 is the next main line of resistance. I have also drawn green extension fibs on the chart which govern the abc pattern should this still be in wave (B).
My white count on the chart, is still my primary and structurally is still 100% valid. However, unless BTC starts to tank overnight, I feel my ALT will become my primary count. We will have to wait until tomorrow for the answers we seek, but nonetheless, I feel we should get some answers as to our immediate pattern at the least.
Another COIN BreakoutCOIn recently broke its downtrend and has pumping nicely. Today it held $236 once again, one of the best trade opportunities in the market today in my opinion. It's look great, it had another shorter term downtrend, but as you can see it has broken above that one too. I believe a new ATH is in order in the relatively near future assuming the market doesn't collapse so hard that COIN can't even stay bullish despite a strong BTC.
COIN - Massive Move IncomingCOIN is back to the $236 area once again for what could be the final test for a quite a while. It has already bounced some and BTC is looking to me as well for another leg up. I like both long and shorter term calls with a stop below ~$235.
$COIN form triangle shape Fundamental
1. After trump had beed shot, percentile trump wining is increasing
2. Crypto is becoming bullish again
3. I think crypto-exchange like be Coinbase is will increase trade volume also
Technical
1. I think is forming new B
2. Inside B is forming triangle
3. I don't know where is e in triangle end because it can be a long the way unilt it be low a in triangle form
goodluck and safe trade
Coinbase Climbs as Bitcoin Hits Two-Week HighWith Bitcoin surging to two-week highs on Monday, we’re going to shine a spotlight on the world’s largest cryptocurrency platform: Coinbase.
Trump Seen as Pro Crypto Candidate
Monday’s rally in Bitcoin can be attributed to the attempted assassination on former President Donald Trump over the weekend. This incident has increased the likelihood of Trump winning the upcoming US presidential election, which traders view positively for the cryptocurrency market.
Trump, who is the presumptive Republican nominee, has been vocal about his support for cryptocurrency. He has hosted industry executives at Mar-a-Lago, endorsed US-based Bitcoin mining, and his campaign has accepted cryptocurrency payments, a first for a major US political party. This pro-crypto stance has fuelled optimism among investors, driving Bitcoin's price higher and subsequently boosting related stocks like Coinbase.
Coinbase's Market Reaction
As Bitcoin rallied, so did Coinbase. The largest centralised digital asset exchange in the US saw its shares leap 12%, marking its best performance since February. This surge underscores the symbiotic relationship between Bitcoin prices and the fortunes of crypto exchanges. In the first quarter (Q1), Bitcoin alone accounted for 33% of trading volume on Coinbase, highlighting its critical role in the exchange's ecosystem.
Technical Analysis of Coinbase
Coinbase's share price has been trending higher over the past year, with broken resistance levels often serving as support. Several technical indicators reflect this strength:
• Moving Averages: The 50-day moving average is comfortably above the 200-day moving average, indicating a strong upward trend.
• Price Action: Coinbase's price action cycles between sharp, volatile moves higher and periods of choppy sideways consolidation. After a significant rise in Q1, Coinbase spent Q2 forming a wedge consolidation pattern, moving sideways.
• Recent Performance: Monday's surge, backed by increased volume, has pushed prices toward the top of the wedge. A breakout from this wedge could signal the start of a new upward trend leg.
COIN Daily Candle Chart
Past performance is not a reliable indicator of future results
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COINBASE #COIN priced in #Bitcoin 3X outperfromanceShould u just buy Coinbase stock rather than the go through the hassle of Buying , storing, off-ramping profits back to your bank.
It is far easier for big money who want some crypto exposure to just buy crypto stocks.
All in their familiar regulated platform, hence why the Spot ETF is so important...
But who are the custodians Blackrock is entrusting to hold their #BTC..... Coinbase
This will be a big money maker for Coinbase and hence why it could actually overperform and get back to all time high's in the next two years.
COINBASE - #COIN massive Inverse Head & ShouldersTwo targets
Linear and Log projections
Both are juicy obviously
Brian Armstrong timed their IPO perfectly and extracted billions of dollars kudos to them
Wouldn't it be something if Coinbase was to return back it's #IPO price this coming bull , seems like destiny
Coinbase $COIN - Completed a 100% Move!Coinbase NASDAQ:COIN - Coinbase completed a 100% move while riding the bitcoin wave. Will Coinbase continue to push upward or will we see a pullback. Price is 50% away from a key high level. If we see a pullback, price could fall to a level that would put it 100% move away from the key high. of course price will be heavily influenced by the success of Crypto like Bitcoin. Coinbase is one to watch!
COIN - Possible Reversalmanually stop with daily close under the line
I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
Coinbase UpdateIt never fails, when I make a post on here some people think we can only move in one direction. Any slight deviation and they come running trying to say the whole analysis is wrong. These few individuals are small minded and no matter how many times I repeat it, they don't seem to comprehend that charts move in cyclical patterns. Just because we get a move higher doesn't mean we won't head back down. According to RN Elliot, price moves in corrective and motive waves. For instance, C waves can either be a larger 3-wave corrective pattern or 5-wave impulsive pattern. In this particular instance, Coinbase is carving out a larger 3-wave corrective pattern.
Looking at my chart, you can see we have carved out the intermediate (A)-(B) waves and have begun wave (C). The (C) wave is creating a larger 3-wave pattern which is indicated by the minor A-B wave labels. A wave is already complete, and we moved into my target box for wave B. B most likely isn't yet complete and is targeting the area of the 0.786 @ $250.62. This doesn't mean price cannot move higher than that. It is simply implying that this is the "standard" ending for this type of pattern. Once wave B does conclude, we should head lower for wave C of (C) of ((4)).
That target for me hasn't changed for over a month now. Once we carved out the (A)-(B) waves we created that target area. The only thing left to do is track the (C) wave down to get more of a refined target. As of now, it looks like wave ((4)) will be targeting the $160-$170 area for completion. We won't know for sure though until minor wave B finishes. I think that once BTC and the other major cryptocurrencies finish their respective retraces higher, Coinbase will be sure to follow. We all know how volatile crypto can be too. So don't be surprised when Coinbase starts to drop soon.
P.S: Germany, along with many other countries have been liquidating their BTC. I wonder why and how that will affect Coinbase???
COIN- Quasimodo patternCOIN
- Quasimodo pattern
-Inside bars accumulation.
-Key level support.
Wait and see!
.
US STOCKS - WALL STREET DREAM- LET'S THE MARKET SPEAK!
Coin reset 100 EMA before earningsCoin has been a story of rapid pumps upward and then slow downfalls into accumulation. I have two previous ranges highlighted here coinciding with the 100 EMA touches (support). There is a ton of contraction of price in between the red resistance and multiple supports. The weekly stochastic RSI has also been bottoming, I call for expansion here. If we are to repeat this cycle again the break of this downtrend should be very soon. Remember Coinbase now is the custodian for many of the BTC within ETFs (blackrock). This should add to revenue alongside their other metrics.
-Target 1= 248$
-Target 2= 279$
-Target 3= 302$
COINBASE targeting $470 after this accumulation is over.Coinbase Global (COIN) has been consolidating around its 1D MA50 (blue trend-line) since late May. The long-term trend remains bullish (since the January 2023 bottom) and is best illustrated by the use of the Fibonacci Channel. Right now the price is exactly on its middle (0.5 Fib level).
The stock is no stranger to consolidations like this as within this Channel Up pattern, it has seen another 3 similar Accumulation Phases (green arcs). The minimum rise following such a phase has been +146.82% and it has so far happened twice. The last Bullish Leg is such an example.
Technically, the current Accumulation Phase resembles more the one that ended in October 2023. The next time we close a 1W candle above the 1D MA50, COIN will most likely confirm the start of the new Bullish Leg.
If we assume it will again rise by the 'minimum' +146.82% rate from May's Low, then expect a direct hit this time at the top (Higher Highs trend-line) of the Channel Up. Our Target is $470.00.
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COIN - Time To Short This Great Crypto Stock I've been waiting a while for this one and now it is time to make a first short entry.
The elephant in the living room is the big bad bearish divergence on the week chart.
Apparently not many can see these divergences that stick out like a sore thumb but they have been very useful in knowing when to take profit.
The coloured bands are of Golden Window Fibonacci extensions using the 3 trend based pivots at the start of the 2023 trend and also a reverse 2 point extension taking the accumulative summer '22 high and the bottom.
Notice that the top is hitting exactly within these coloured bands.
And so if that is a top then it is perfectly balanced in terms of ratio.
I only took profit there as I suggested I might in the previous thread linked below.
I didn't go short.
But now it has printed a choppy ascending channel that can be a sign of upside weakness and the potential distribution shifting from bullish to bearish.
Notice also that it may have topped within the retracement Golden Window; peaking at the 0.786 overshoot ratio.
If the retracement has topped then that is more perfecto ratio.
This whole bull trend has been the process of an ascending wedge with the top being that of a blow off phase.
Due to this I think this should at some point capitulate through the lower trendline.
In the end I think this will capitulate down to Accumulation support @ $116 and may even get back to the retracement Golden Window with the 0.618 @ $72.
This may yet wobble around and could even print a slightly higher high, but it looks cooked I think and worth a short.
If this plays out then buy-late-HODL-dreamers are going to get smashed.
Client call:
Not advice
